Multiple Choice
The parol evidence rule:
A) applies to oral contracts and not written ones.
B) only applies to contracts that are valid over one year.
C) is a potential source of danger for parties who reduce their agreements to written form.
D) states that only the monetary terms of the agreement should be included in writing.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Describe the effect of a failure to
Q15: The parol evidence rule says that a
Q16: Miriam makes an oral agreement with John
Q17: In most states, the statute of frauds
Q18: In an executory bilateral contract, most courts
Q20: Leroy writes a letter that says, "I
Q21: A collateral contract involves:<br>A) three parties and
Q22: When a contract is partly printed and
Q23: Explain the purpose of the parol evidence
Q24: Which of the following is true of